Brexit News Archive: 21 Mar 2017

US bank bosses warn on London jobs ahead of Brexit

Goldman Sachs says it has already begun implementing its contingency plans
FT   |   Tue, 21 Mar 2017 18:28:36

Goldman Sachs will make a big move before Brexit

Goldman Sachs will move hundreds of its employees from London before a Brexit deal is struck, CEO Richard Gnodde told CNBC. Gnodde declined to comment which locations it may move to. Video provided by TheStreet
Newslook / USA Today   |   Tue, 21 Mar 2017 18:28:15

Goldman Sachs to move hundreds of staff out of London due to Brexit

Bank, which employs 6,000 staff in UK, says it will take extra space in Frankfurt and Paris as part of contingency plan Goldman Sachs is to start moving hundreds of staff out of London before a Brexit deal is struck, the bank's European boss has confirmed. Richard Gnodde, chief executive ...
Jill Treanor / Guardian   |   Tue, 21 Mar 2017 17:26:34

MORGAN STANLEY: We will 'certainly' move people out of London before Brexit happens

Morgan Stanley President Colm Kelleher on Tuesday said his firm will definitely move staff out of London within the next two years - before the end of the negotiation period leading to the UK's departure from the European Union. "It is the cost of doing business," Kelleher said when asked ...
Business Insider   |   Tue, 21 Mar 2017 16:54:35

Goldman Sachs Does The Obvious - Moves Staff From London To EU Over Brexit

The importance of all of this is to note the size of what Goldman is doing as that contingency plan. For they know, as we all should, that to keep those passporting rights all you've got to do is stick a gombeen man behind a brass plate in Dublin and ...
Tim Worstall, Contributor / Forbes   |   Tue, 21 Mar 2017 16:21:00

Apple's new iPad is incredibly expensive in the UK compared to the US (AAPL)

Apple announced a new iPad on Tuesday - but it ain't cheap for Brits. The the 9.7-inch device, which will be available to order on March 24, starts at $329 in the US. But in the UK, it's retailing for an eye-watering £339. That's unprecedented for Apple: The device's numerical ...
Business Insider   |   Tue, 21 Mar 2017 15:52:58

EU looks to defending its interests over Brexit

European Union finance ministers have been discussing Brexit, prepared to defend the members states' interests during divorce negotiations.
euronews   |   Tue, 21 Mar 2017 15:43:04

Goldman to add of jobs in Europe ahead of Brexit as it starts to move staff out of London

Telegraph   |   Tue, 21 Mar 2017 15:38:36

Reuters News wrote a new post, Goldman to move hundreds of staff from London pre-Brexit, says Europe CEO: Reuters, on the site PE Hub

Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO [...]
peHUB   |   Tue, 21 Mar 2017 15:28:23

UPDATE 1-EU to decide on relocation of banking body from London before Brexit

BRUSSELS, March 21- The European Commission wants a decision on the relocation of the European Banking Authority from London before the end of Britain's EU divorce talks, the EU executive vice president said on Tuesday, raising the possibility of a merger with another EU agency based in Frankfurt. "We need ...
CNBC   |   Tue, 21 Mar 2017 15:26:00

EU to Hold First Brexit Summit April 29

The Guardian. UK.
The Guardian. UK. / World Affairs   |   Tue, 21 Mar 2017 15:18:02

Voters want Brexit with hard borders and EU perks

Tory electorate may be hard to please, with 93% in favour of free trade with the bloc
FT   |   Tue, 21 Mar 2017 14:52:04

EU to decide on relocation of banking body from London before Brexit

BRUSSELS, March 21- The European Commission wants a decision on the relocation of the European Banking Authority from London before the end of Britain's EU divorce talks, the EU executive vice president said on Tuesday.
CNBC   |   Tue, 21 Mar 2017 14:52:00

How To Trade Article 50 When Theresa May Files For Brexit

Theresa May is going to trigger the Article 50 on the 29th of March. It is important that you know how to trade that event as this will be one of the event which will make history
Naeem Aslam, Contributor / Forbes   |   Tue, 21 Mar 2017 13:33:00

BMW considers quitting UK post-Brexit

The German car maker has several plants in Britain and said it is actively reviewing its operations to cater for a possible exit from the country.
The National   |   Tue, 21 Mar 2017 13:20:10

EU Leaders to Hold Special Brexit Summit in Late April

European Council President Donald Tusk has asked European Union leaders, excluding British Prime Minister Theresa May, to meet on April 29 to discuss Brexit.
WSJ   |   Tue, 21 Mar 2017 12:26:13

EU leaders to meet on April 29 to decide on negotiating lines for Brexit talks - EU's Tusk

The President of the European Council, Donald Tusk, said that the European Union's 27 leaders will meet on April 29 to agree their negotiating lines f
Eren Sengezer / FX Street   |   Tue, 21 Mar 2017 12:23:43

Goldman to move hundreds of staff from London ahead of Brexit

Goldman's Europe CEO says the move is part of the company's contingency plans
Anjuli Davies LONDON / Globe and Mail   |   Tue, 21 Mar 2017 12:08:06

EU to hold summit on April 29 as Brexit negotiations begin

President Donald Tusk of the European Council said Tuesday the EU will adopt its guidelines for the Brexit talks at a summit on April 29th.
CNBC   |   Tue, 21 Mar 2017 11:46:00

EU leaders will meet for first 'Brexit summit' on April 29

Laura Hughes / Telegraph   |   Tue, 21 Mar 2017 11:38:40

EU leaders to meet on April 29 to set Brexit negotiating position

European Union leaders will meet on April 29 to collectively agree a Brexit negotiating position ahead of withdrawal talks with Britain, European Council president Donald Tusk has announced. The timing of the summit will give leaders of the EU's 27 other member states time to consider Mr Tusk's response to ...
Times of Malta   |   Tue, 21 Mar 2017 11:36:00

Morning News: March 21, 2017

French Presidential Debate Lifts Euro To Six-Week Highs How the U.K. Beat Predictions of a Brexit Crunch So Far The Fed Goes High Rookie Currency [...]
Eddy Elfenbein   |   Tue, 21 Mar 2017 11:09:41

The Brexit bloodbath has failed to arrive for the UK housebuilders, with Bellway the latest to report robust numbers

The predicted Brexit bloodbath has failed to arrive for the UK housebuilders - aside from the lone troubles of Bovis Homes PLC (LON:BVS) - with Bellway PLC (LON:BWY) the latest to report robust numbers in the sector. With over a 2% rise this morning following its first-half results, Bellway's shares ...
Proactive Investors   |   Tue, 21 Mar 2017 10:45:00

Goldman Sachs confirms London jobs will move to Europe in first stage of Brexit reshuffle

Goldman Sachs will shift jobs from London as part of Brexit planning, Goldman Sachs International's boss has told CNBC.
CNBC   |   Tue, 21 Mar 2017 09:45:00

Inflation in the UK continues to soar, hitting 2.3% in February

LONDON - UK inflation surged once again in February, hitting 2.3% and passing the Bank of England's 2% for the first time in more than two years, according to the latest data released by the Office for National Statistics on Tuesday. The ONS said that the UK's consumer price index ...
Business Insider   |   Tue, 21 Mar 2017 09:31:57

UK inflation expected to hit a three-year high of 2.1% - business live

Official figures are expected to show the consumer prices index rose above the Bank of England's 2% target in February for the first time since late 2013, as the sharp fall in the pound since the Brexit vote feeds through to higher prices 7.59am GMT Here is our preview story ...
Angela Monaghan / Guardian   |   Tue, 21 Mar 2017 07:59:50

Frankfurt is in 'pole position' in the Brexit jobs race

LONDON - Frankfurt is emerging as the preferred location for UK-based banks looking to relocate jobs to Europe post-Brexit, according to the Financial Times. UBS, JPMorgan, Morgan Stanley, and Bank of America Merrill Lynch are all considering relocating roles to Frankfurt, according to the FT. Frankfurt lobbyist Hubertus Väth told ...
Business Insider   |   Tue, 21 Mar 2017 07:56:55

EU to hold Brexit summit for 27 members on April 29

BRUSSELS (AP) - The 27 European Union nations will hold a special Brexit summit on April 29 - one month after Britain plans to trigger divorce proceedings with the EU - to decide on the guidelines for the next two years of negotiations with the U.K.
Associated Press   |   Tue, 21 Mar 2017 07:29:00

BBC's Brexit coverage pessimistic and skewed, say MPs

A letter to the BBC's director general says the broadcaster "unfairly represents" Leave voters.
BBC   |   Tue, 21 Mar 2017 06:20:58

Live: FBI investigating possible links between Trump campaign and Kremlin

Our live blog is tracking reaction after the FBI confirmed it will investigate links between Trump and Russia.
CNBC   |   Tue, 21 Mar 2017 05:46:00

Frankfurt takes lead in Brexit race for City jobs

As UK triggers EU divorce, other financial centres jostle to take business from London
FT   |   Tue, 21 Mar 2017 05:01:42

The road from Article 50 to Brexit: what happens next?

Milestones in the two years that will decide Britain's future outside the EU
FT   |   Tue, 21 Mar 2017 05:00:40

Marine Le Pen accuses rivals of promoting 'project fear' as Brexit looms large in presidential debate

Henry Samuel / Telegraph   |   Mon, 20 Mar 2017 23:49:29

Brexit To Be Triggered March 29, And The Competition for UK Business Is Getting Fierce

It's finally official: Brexit negotiations are about to begin, launching the race among E.U. countries to lure worried businesses, with their jobs and tax revenue.
David Schrieberg, Contributor / Forbes   |   Mon, 20 Mar 2017 22:12:00

BBC risks undermining Brexit and damaging UK with 'pessimistic and skewed' coverage, 70 MPs warn

Steven Swinford / Telegraph   |   Mon, 20 Mar 2017 21:30:00

Brexit & Beyond: U.K. Sets Article 50 Date, Gravity Pulls on Brexit Trade Policy, Eurozone Wages Rise

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS U.K. Prime Minister Theresa May will trigger Article 50, the formal process for Britain leaving the European ...
MoneyBeat   |   Mon, 20 Mar 2017 19:26:38

Even after Brexit, Europe will need Britain's military - that's what the new pact with Germany is all about

Julie Lenarz / Telegraph   |   Mon, 20 Mar 2017 17:29:31

Britain to trigger Brexit process on March 29

The country will have two years to complete negotiations on leaving the European Union The post Britain to trigger Brexit process on March 29 appeared first on Macleans.ca .
The Associated Press / Macleans   |   Mon, 20 Mar 2017 17:00:17

GBP/USD - Pound Dips as Brexit to Begin on March 29

GBP/USD has edged lower on Monday, as the pair trades at 1.2340 in North American trade. On the release front, British Rightmove HPI posted a third straight gain, although the March reading of 1.3% was lower than the previous reading of 2.0%. There are no economic events on the schedule ...
OANDA   |   Mon, 20 Mar 2017 16:17:03

UK to formally trigger Brexit on March 29

Britain said March 20 that it will trigger its exit from the European Union on March 29, nine months after the country voted to leave the European Union
Hurriyet   |   Mon, 20 Mar 2017 14:50:10

Post-Brexit UK Trade - My Apostasy, I Think The Gravity Model Is Wrong

So, I end up thinking that the gravity model isn't a problem for post-Brexit trade simply because I don't think the gravity model, as normally stated, is in fact correct. This makes me an apostate of course, but then I always was one of those for supporting Brexit in the ...
Tim Worstall, Contributor / Forbes   |   Mon, 20 Mar 2017 14:48:00

Brexit could force UK Parliament to be ineffective on everything else: Report

The Great Repeal - or Brexit - bill could be accompanied by multiple separate changes to U.K. law.
CNBC   |   Mon, 20 Mar 2017 14:26:00

The countdown begins: Britain to start EU exit on March 29

LONDON (AP) - Britain will begin divorce proceedings from the European Union on March 29, starting the clock on two years of intense political and economic negotiations that will fundamentally change both the nation and its European neighbors.
Associated Press   |   Mon, 20 Mar 2017 14:07:00

Britain To Formally Trigger 'Brexit' Process To Leave EU On March 29

LONDON (AP) - Britain's government will begin the process of leaving the European Union on March 29, starting the clock on the two years in which to complete the most important negotiation for a generation. Read More
TPM   |   Mon, 20 Mar 2017 13:45:45

Brexit: Theresa May to trigger Article 50 on 29. March

Prime minister Theresa May will trigger Brexit article 50 on Wednesday 29 March, the prime minister's spokesman has confirmed. The UK's permanent representative to the European Union, Sir Tim Barrow, notified the EU on Monday morning that a letter should be expected on that date. May, who was visiting Swansea ...
Keep Talking Greece   |   Mon, 20 Mar 2017 12:52:54

Will Brexit's trigger, now set for 29 March, mean recession?

British Prime Minister Theresa May will trigger her country's exit from the EU on 29 March, a spokesperson for the Prime Minister has confirmed. Afterwards, the clock will be ticking, as the UK will have two years to wind up any negotiations for exit before the country's membership ends on ...
Credit Writedowns   |   Mon, 20 Mar 2017 12:37:45

Britain to trigger Brexit March 29

Rome, March 20 - Britain said Monday it would trigger Brexit procedures by invoking Article 50 of the Lisbon Treaty on March 29. A European Commission spokesperson confirmed that the EU executive had been informed of the British government's decision. "We are ready to start the negotiation," the spo
Gazzetta Del Sud   |   Mon, 20 Mar 2017 12:30:00

U.K. to Start on March 29 by Invoking Article 50

The British government’s announcement puts it on track to complete a withdrawal from the European Union by early 2019.
STEPHEN CASTLE / NY Times   |   Mon, 20 Mar 2017 12:27:54

BREAKING British Prime Minister to Trigger Brexit on March 29

British Prime Minsiter Theresa May has informed EU President Donald Tusk she will trigger Article 50 on March 29. The invocation of the Lisbon Treaty article will formally begin Brexit negotiations. The move will start a two year period during which the the and UK will try to agree the ...
Economic Policy Journal   |   Mon, 20 Mar 2017 12:12:00

Britain will trigger the Brexit process on March 29, government says

Britain's government will begin the process of leaving the European Union on March 29, starting the clock on two years in which to complete the most important negotiation for a generation. Britain's permanent representative to the EU, Tim Barrow, informed the European Council President Donald Tusk...
Money & Company   |   Mon, 20 Mar 2017 12:10:00

Britain to formally launch EU exit on March 29

Britain will formally begin Brexit by triggering Article 50 of the EU's Lisbon Treaty on March 29, officials said on Monday, nine months after Britain voted to leave the European Union. "We want the negotiations to start promptly," Prime Minister Theresa May's spokesman told reporters. Britain's envoy to Brussels Tim ...
Agence France-Presse / South China Morning Post   |   Mon, 20 Mar 2017 11:59:44

Britain's Theresa May to trigger Brexit next week

Theresa May to begin two years of formal negotiations on Britain leaving the European Union on March 29.
Al Jazeera   |   Mon, 20 Mar 2017 11:52:12

Brexit process set for March 29

Seeking Alpha / Seeking Alpha   |   Mon, 20 Mar 2017 11:50:04

U.K. Sets Date To Begin Brexit Process

BRUSSELS (Reuters) - Prime Minister Theresa May will write to the European Union on March 29 formally announcing Britain's withdrawal from the bloc, EU sources told Reuters on Monday. Downing Street confirmed the news. That letter next Wednesday will start the clock ticking on a two-year countdown to Brexit and ...
Huffington Post   |   Mon, 20 Mar 2017 11:41:22

UK to trigger Brexit process on March 29

Formal letter to Brussels invoking Article 50 will start 2-year EU negotiation period
FT   |   Mon, 20 Mar 2017 11:39:46

Article 50: Theresa May to trigger Brexit process next Wednesday

Theresa May will notify the EU on 29 March under the Article 50 process that the UK is leaving.
BBC   |   Mon, 20 Mar 2017 11:39:42

Theresa May to launch Brexit process on March 29

Letter will start two-year countdown to Brexit
Globe and Mail   |   Mon, 20 Mar 2017 11:39:30

UK PM Theresa May to trigger Brexit on March 29

Prime Minister Theresa May will trigger Article 50 of the Lisbon Treaty, the formal notification of the United Kingdom's intention to leave the European Union, on Wednesday week, a spokesman for the British leader said today. The United Kingdom has informed European Council President Donald Tusk's office of May's intention, ...
Times of Malta   |   Mon, 20 Mar 2017 11:38:00

Theresa May Will Trigger Article 50 On March 29, Starting Brexit Process

It appears that the long-awaited Article 50 trigger, officially beginning the Brexit process, will take place next Wednesday, March 29, because moments ago a Theresa May spokesman confirmed a report in the UK's CityAM, reporting that Article 50 will be triggered next Wednesday. U.K. TO TRIGGER BREXIT ON MARCH 29, ...
Zero Hedge   |   Mon, 20 Mar 2017 11:35:48

UK PM May will trigger Article 50 of the EU treaty on March 29 to start Brexit process

CNBC   |   Mon, 20 Mar 2017 11:35:00

What a 'no deal' Brexit would mean for healthcare of British pensioners in Spain

Time's up on the sunshine? One thing that matters enormously to UK voters is the NHS. A "battle bus" emblazoned with a claim that the NHS would receive £350m a week if the UK left the European Union was crucial to the victory of the Leave vote in the June ...
Joaquin Cayon-De Las Cuevas, Associate Professor of Health Law, University of Cantabria / The Conversation   |   Mon, 20 Mar 2017 11:33:45

British pensioners in Spain worry Brexit could force them to return to UK

A good life on the Costa del Sol. Bryan Ledgard/flickr, CC BY Spain is home to more than 100,000 British pensioners. Most moved there many years ago to enjoy their retirement with the understanding that they would be able to export their pension and healthcare rights with them. But since ...
Kelly Hall, Lecturer in Social Policy, University of Birmingham / The Conversation   |   Mon, 20 Mar 2017 11:17:12

The clock begins: Britain to start EU exit on March 29

LONDON (AP) - Britain will begin divorce proceedings from the European Union on March 29, starting the clock on two years of intense political and economic negotiations that will fundamentally change both the nation and its European neighbors.
Associated Press   |   Mon, 20 Mar 2017 11:03:00

Britain to formally trigger process to leave EU on March 29

LONDON (AP) - Britain's government will begin the process of leaving the European Union on March 29, starting the clock on the two years in which to complete the most important negotiation for a generation.
Associated Press   |   Mon, 20 Mar 2017 08:37:00

The Latest: EU chief promises quick movement on Brexit talks

LONDON (AP) - The Latest on Brexit (all times local):
Associated Press   |   Mon, 20 Mar 2017 08:22:00

The Latest: EU says it's 'ready' to begin Brexit talks

LONDON (AP) - The Latest on Brexit (all times local):
Associated Press   |   Mon, 20 Mar 2017 08:03:00

Britain to trigger Brexit process on March 29, gov't says

LONDON (AP) - Britain's government will begin the process of leaving the European Union on March 29, starting the clock on two years in which to complete the most important negotiation for a generation.
Associated Press   |   Mon, 20 Mar 2017 07:58:00